Equipment and Other Property Sample Clauses

Equipment and Other Property. 5.1 All equipment, or other property purchased by University during the term of this Agreement shall become the property of University upon acquisition.
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Equipment and Other Property. Unless otherwise expressly agreed to by AGS in the PO, Seller shall supply at its own expense all equipment, tools, jigs, dies, fixtures, patterns, drawings, specifications, samples, materials, and facilities required to perform its obligations under the PO (the “Supplier Owned Property”). Supplier hereby grants AGS an irrevocable option to take possession of and title to the Supplier Owned Property that is special for the production of the goods to be supplied under the PO, upon payment to Supplier of its net book value less any amounts that AGS has previously paid to Supplier for the cost of such items. Notwithstanding any other provision of the PO, Supplier acknowledges and agrees that all parts, components, assemblies, equipment, materials, tools, moulds, layouts, models, jigs, dies, fixtures, patterns, designs, sketches, blueprints, drawings, specifications, samples, engineering data, technical or proprietary information, special appliances, other equipment or material, facilities, and any reproductions and replacements thereof, any materials affixed or attached thereto, that are furnished to Supplier or paid for, in whole or in part, by AGS or by AGS’ customer, (all items above, collectively the “AGS Property”), shall remain the property of AGS or its customer, as applicable, and be deemed a bailment. The AGS Property, while in Supplier’s custody or control and while in the custody or control of Supplier’s suppliers, contractors or agents, shall be held at Supplier’s risk, shall be kept insured by Supplier at Supplier’s expense against loss or damage in an amount equal to the replacement cost thereof, and shall be subject to removal at AGS’ written request. Supplier shall promptly notify AGS of the location of the AGS Property, if any are located any where other than Supplier’s facility. Unless otherwise expressly stated in the PO, Supplier shall maintain accounting and property control records for AGS Property in accordance with sound industrial practices. Supplier shall, at Supplier’s expense, maintain the AGS Property in good condition and repair, and shall replace any of the AGS Property if, as and when necessary or reasonably required. Upon completion or termination of the PO, Supplier shall retain on a bailment basis, the AGS Property still then in the physical possession of Supplier, at Supplier’s expense, until directions are received from AGS. Supplier shall allow AGS to take possession of the AGS Property at any time, which includes the rig...
Equipment and Other Property. All equipment, materials, supplies or property of any kind (including vehicles, publications, copyrights, etc.) purchased with funds received under the terms of this Agreement which has a life expectancy of one (1) year or more shall be the property of DBH, unless mandated otherwise by Funding Source, and shall be subject to the provisions of this paragraph. The disposition of equipment or property of any kind shall be determined by DBH when the Agreement is terminated. Additional terms are as follows:
Equipment and Other Property. All the equipment, office furniture, appliances, supplies, apparatus, tools, patterns, models, dies, blueprints, fittings, furnishings, fixtures, machinery, vehicles and rolling stock, including without limitation, spare parts, accessories and additions of whatever nature or kind.
Equipment and Other Property. 8.1 Xxxxx Field equipment can only be used within the facility and must not be removed.
Equipment and Other Property. Except as set forth in Section 5.8 of the Disclosure Schedule, Pivotal owns and has good and marketable title to the equipment and other tangible items used in the operations of the Pivotal Business reflected on the books of Pivotal as owned by Pivotal (the "Equipment"), free and clear of all Encumbrances. The Equipment, taken as a whole, is in good operating condition and repair (subject to normal wear and tear) and is suitable for the purposes for which it is presently or has historically been used. Except as otherwise contemplated by this Agreement, Pivotal owns, or, in the case of leases and licenses, has valid and subsisting leasehold interests or licenses in, all of the material properties and assets of whatever kind (whether real or personal, tangible or intangible and including, without limitation, all material intellectual property) used in its business, in each case free and clear of Encumbrances.
Equipment and Other Property. Other than Intellectual Property, which is covered in Section 4.21, the Company or one of its Subsidiaries owns and has good and valid title to and has the legal and beneficial ownership of or a valid leasehold interest in or right to use by license or otherwise, all of its properties and assets, including machinery, equipment and other properties reflected on the books of the Company and its Subsidiaries as owned by the Company or one of its Subsidiaries, in each case, free and clear of all Liens other than Permitted Liens, except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect. All personal property and leased personal property assets of the Company and its Subsidiaries are structurally sound and in good operating condition and repair (ordinary wear and tear expected) and are suitable for their present use in all material respects.
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Equipment and Other Property. All of the Equipment is in good working order and condition, ordinary wear and tear, routine service needs and subscriber misuse or non-use excepted, and such Equipment has been installed in accordance with good workmanlike practices prevailing in the industry at the time of installation. All Equipment conforms in all material respects to the Contract pursuant to which it was installed and comply with all material applicable laws, rules, regulations and codes at the time of its installation. All of the Other Property included among the Assets is in good operating condition and repair, normal wear and tear excepted.

Related to Equipment and Other Property

  • Equipment and Other Tangible Property The Company or one of its Subsidiaries owns and has good title to, and has the legal and beneficial ownership of or a valid leasehold interest in or right to use by license or otherwise, all material machinery, equipment and other tangible property reflected on the books of the Company and its Subsidiaries as owned by the Company or one of its Subsidiaries, free and clear of all Liens other than Permitted Liens. All material personal property and leased personal property assets of the Company and its Subsidiaries are structurally sound and in good operating condition and repair (ordinary wear and tear expected) and are suitable for their present use.

  • Rent and Other Payments This paragraph contains detailed commercial terms. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

  • Taxes and Other Liens Each Related Person shall pay and discharge promptly all taxes, assessments and governmental charges or levies imposed upon it or upon its income or upon any of its Property as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, might become a Lien upon any or all of its Property; provided, however, each Related Person shall not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof shall currently be contested in good faith by appropriate proceedings diligently conducted by or on behalf of such Related Person and if such Related Person shall have set up reserves therefor adequate under GAAP.

  • Fire and Other Casualty In the event that at any time during the term hereof (including any extended term) the Leased Premises are totally damaged or destroyed by fire or other casualty or substantially damaged so as to render them or a material portion thereof untenantable, then there shall be a just and proportionate abatement of the Rent payable hereunder until the Leased Premises are made suitable for Tenant’s occupancy, and the Lease Term shall be extended, without the necessity of further action by any party, for a period equal to the time during which Rent so abated. In the event of such substantial (or total) damage to the Leased Premises, Landlord shall proceed at its expense and with reasonable diligence to repair and restore the Leased Premises to substantially the same condition they were in immediately prior to such casualty. Notwithstanding the foregoing, if Landlord in its sole discretion determines that timely restoration is not possible or practical or that there are or will be insufficient insurance proceeds available to Landlord to accomplish same, then Landlord shall have the right to terminate this Lease by written notice given to Tenant within ninety (90) days after the occurrence of such casualty. If Landlord proceeds with the repair and restoration of the Leased Premises, in the event the Leased Premises have not been restored to a condition substantially suitable for their intended purpose within one hundred eighty (180) days following said casualty, then either Landlord or Tenant shall have the right to terminate this Lease by giving notice thereof to the other party within thirty (30) days after the expiration of such period (as so extended) provided that such restoration is not completed within such period. This Lease shall cease and come to an end without further liability or obligation on the part of either party thirty (30) days after such giving of notice unless within such thirty-day period Landlord substantially completes such restoration. Such right of termination shall be Tenant’s sole and exclusive remedy at law or in equity for Landlord’s failure so to complete such restoration, and time shall be of the essence with respect thereto.

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